IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/18257.html
   My bibliography  Save this paper

Úttekt á efnahagsspám Þjóðhagsstofnunar fyrir árin 1981-2002
[The accuracy of the National Economic Institute‘s forecasts 1981-2002]

Author

Listed:
  • Olafsdottir, Katrin

Abstract

The National Economic Institute in Iceland was a government institute responsible for producing and publishing a national economic forecast. The institute was closed in 2002. This paper measures the accuracy of the institute's forecasts from 1981-2002. The paper measures the accuracy of the GDP forecast, private consumption, investment, imports and exports of goods and services.

Suggested Citation

  • Olafsdottir, Katrin, 2006. "Úttekt á efnahagsspám Þjóðhagsstofnunar fyrir árin 1981-2002
    [The accuracy of the National Economic Institute‘s forecasts 1981-2002]
    ," MPRA Paper 18257, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:18257
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/18257/1/MPRA_paper_18257.pdf
    File Function: original version
    Download Restriction: no

    References listed on IDEAS

    as
    1. Cumby, Robert E. & Modest, David M., 1987. "Testing for market timing ability : A framework for forecast evaluation," Journal of Financial Economics, Elsevier, vol. 19(1), pages 169-189, September.
    2. Vassiliki Koutsogeorgopoulou, 2000. "A Post-Mortem on Economic Outlook Projections," OECD Economics Department Working Papers 274, OECD Publishing.
    3. Ash, J. C. K. & Smyth, D. J. & Heravi, S. M., 1998. "Are OECD forecasts rational and useful?: a directional analysis," International Journal of Forecasting, Elsevier, vol. 14(3), pages 381-391, September.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Economic forecast; forecast error; root mean square error;

    JEL classification:

    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • F47 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Forecasting and Simulation: Models and Applications

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:18257. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter). General contact details of provider: http://edirc.repec.org/data/vfmunde.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.